Tag Archives: Markets & Economy

Airbnb faces Q1 loss of $1B

By | | Uncategorized
Comments Off on Airbnb faces Q1 loss of $1B

Despite continuing to suffer losses in the wake of the pandemic, Airbnb’s CEO Brian Chesky expressed optimism about an upcoming summer full of pent-up travel demand. Continue reading →

Manchin to Realtors: Bipartisanship is built on personal relationships

By | | Uncategorized
Comments Off on Manchin to Realtors: Bipartisanship is built on personal relationships

U.S. Sen. Joe Manchin, a Democrat, and Shelley Moore Capito, a Republican, discussed making deals across the aisle at the National Association of Realtors’ midyear conference. Continue reading →

The catch-22 behind Compass’ path to profitability

By | | Uncategorized
Comments Off on The catch-22 behind Compass’ path to profitability

Leading industry analysts shared with Inman their evaluations of Compass’ earnings and how the path to profitability could impact agents. Continue reading →

NAR: Housing market is ‘topping out’ due to inventory shortage

By | | Uncategorized
Comments Off on NAR: Housing market is ‘topping out’ due to inventory shortage

Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up. Continue reading →

Fathom Realty sees jump in revenue, agent count and transactions in Q1

By | | Uncategorized
Comments Off on Fathom Realty sees jump in revenue, agent count and transactions in Q1

The company, which went public last year, pulled in $49.6 million between January and March — a 72 percent increase year over year. Continue reading →

Inflation concerns not reflected in latest mortgage rate survey

By | | Uncategorized
Comments Off on Inflation concerns not reflected in latest mortgage rate survey

A weekly mortgage rate survey from Freddie Mac shows rates continuing to slide, but the snapshot of average rates over a seven-day period doesn’t fully reflect new data that’s pushed rates up this week on renewed worries about inflation. Continue reading →

Days on market drops by nearly 50% amid inventory crisis

By | | Uncategorized
Comments Off on Days on market drops by nearly 50% amid inventory crisis

New listings are up 19.1 percent year over year, but demand continues to outpace new listings, leading to increasingly fewer days on market. Continue reading →

NAR forum: We’re at a ‘hinge point’ in American politics

By | | Uncategorized
Comments Off on NAR forum: We’re at a ‘hinge point’ in American politics

At the Realtors Legislative Meetings, Mara Liasson and Van Jones talked polarization, bipartisanship and the issues that could get Republicans and Democrats to work together. Continue reading →